Kingswood Wealth Advisors LLC Purchases 4,767 Shares of Fiserv, Inc. (NYSE:FI)

Kingswood Wealth Advisors LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 83.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,480 shares of the business services provider's stock after purchasing an additional 4,767 shares during the period. Kingswood Wealth Advisors LLC's holdings in Fiserv were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vega Investment Solutions bought a new position in Fiserv during the 4th quarter worth $25,000. Park Square Financial Group LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $28,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter worth about $29,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv during the fourth quarter worth about $37,000. Finally, Quarry LP boosted its holdings in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Down 1.4%

Shares of NYSE:FI traded down $2.25 during trading on Thursday, reaching $161.19. 5,640,817 shares of the stock were exchanged, compared to its average volume of 3,281,100. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The stock has a fifty day moving average of $178.99 and a two-hundred day moving average of $202.49. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $89.37 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has approved a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider now directly owns 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FI has been the subject of several analyst reports. Wall Street Zen initiated coverage on shares of Fiserv in a report on Sunday, March 23rd. They set a "buy" rating for the company. The Goldman Sachs Group decreased their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a research note on Wednesday, April 9th. Jefferies Financial Group cut their price target on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Finally, Tigress Financial increased their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $221.23.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.